Global workers' remittances have grown noticeably in recent years. Remittances are now a key macroeconomic factor in many developing countries, representing an increasingly large percentage of total monetary inflows. For many developing countries, remittances are comparable to or greater than total export earnings, official development assistance (ODA), and foreign direct investment (FDI). Remittance flows are also more progressive than these other international flows as they more equally distributed.
